GLOBAL TECH FUND
GLOBAL TECH FUND
GLOBAL TECH FUND
GLOBAL TECH FUND
The Global Tech Fund (GTF) aim is to support the following three focus pillars which are Nurturing Global Champions, Driving Investments and Catalysing Digital Innovation Ecosystem.
TECHNOLOGY FOCUS AREA
GTF FUNDS TECHNOLOGY INNOVATIVE ACTIVITIES
Big Data Analytics
Internet of Things (IOT)
Artificial Intelligence/ Deep Learning
Blockchain
Cybersecurity
Robotics
Drone technology
Virtual reality/ Augmented reality
Big Data Analytics
Internet of Things (IOT)
Artificial Intelligence/ Deep Learning
Blockchain
Cybersecurity
Robotics
Drone technology
Virtual reality/ Augmented reality
GTF is awarded to the most competitive proposal that offers value added proposition that is impactful, significant and sustainable to the growth of the following:
Malaysia Economy
Malaysian economy (i.e. export, creation of new jobs (direct/indirect), talents developed (direct/indirect) to meet talent demand-supply gap)
Ecosystem Development
(ecosystem players i.e. industry (technology/nontechnology companies), B40 community and universities/research institutions) – for example, helping small & medium technology companies (SMEs) in solution stacking or complementary solutions packaging and provide them market access channel, helping non-technology companies in digitalization, research collaboration with universities, develop and nurture start-ups
Economic Spillover
Malaysian economy (i.e. export, creation of new jobs (direct/indirect), talents developed (direct/indirect) to meet talent demand-supply gap)
GRANTS OFFERED
THREE FOCUS PILLAR
NURTURING GLOBAL CHAMPIONS
GTF targets local scale-up technology companies who are ready to go into their first global market or expand their existing global market presence via technology innovation and commercialisation of market-driven product/service. We want to see potential Malaysian unicorn in the making. Local technology companies are welcome to set up Centre of Excellence for the benefit of the ecosystem.
Eligibility Criteria
Local Technology Company – a business entity incorporated in Malaysia with paid-up capital of at least RM20,000; Malaysian equity of at least 51%.
Funding Quantum
Up to 50% of the approved total project cost; subject to a undisclosed ceiling limit
DRIVING INVESTMENT
GTF targets foreign technology companies to set up Centre of Excellence to conduct high value technology innovation/R&D activities leading to the development and commercialisation of market driven, innovative product/service for the global market as well as contribute to ecosystem development.
Eligibility Criteria
Foreign Technology Company – a business entity incorporated in Malaysia with paid-up capital of at least RM50,000.
Funding Quantum
Up to 30% of the approved total project cost; subject to a undisclosed ceiling limit
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CATALYSING DIGITAL INNOVATION ECOSYSTEM
Improve the prospects of innovative, high growth Malaysian technology startups achieving commercial success in international markets as well as scaling up the start-ups
Eligibility Criteria
- Technology accelerator is a business entity incorporated in Malaysia with paid-up capital of at least RM50,000.
- No specific criteria on Malaysian ownership requirement.
- Technology accelerator is defined as a business entity specializing in technology that provides money, mentor and market access to businesses.
Funding Quantum
Up to 30% of the approved total project cost; subject to a undisclosed ceiling limit
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APPLICABLE CRITERIA
Your proposal for GTF funding must address the following desired KPIs:
- Investment value (RM) – your portion of investment for this project including cash investment and/or benefits-in-kind
- Export value (RM)
- Number of new Job Creation in the identified technology area/s with at least average pay of RM6,000/month
- Number of talent developed and work in the identified technology areas
- Number of Centre of Excellence (COE) (mandatory KPI for foreign technology company)
- Number of innovative, commercial product/s
- Number of Intellectual Property filed. it is mandatory to deliver at least one Intellectual Property (IP) filed (i.e. patent, trademark, copyright, etc.) during your project duration. If you intend to file patent, please perform prior art search first to confirm the proposed patent is patentable.
- You are required to propose at most two Ecosystem KPIs that will measure the outcomes of your ecosystem development strategies, plans and activities.
For (3) and (4) above, you may state the direct (i.e. your own staffs) and indirect (i.e. not your staffs) figures.
You are required to maintain project team composition (minus the finance staffs) of at least 50% Malaysians throughout your proposed project funding duration.
FUNDING DURATION
GTF funds your project duration for up to 2 years. We expect all GTF applicants to commit to doing more, over and above their business as usual activities by developing the Malaysian ecosystem. Your proposed plans, strategies, activities are required to bring benefits to Malaysia as well as bring catalytic impact to its ecosystem.
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GRANTS RECIPIENTS
Grant Company Name | Grant Category | Year | Project Title |
|---|---|---|---|
| 7th Beat Games Sdn Bhd | Digital Content Grant (DCG) | 2018 | Rhythm Doctor |
| Addeen Multimedia Sdn Bhd | Digital Content Grant (DCG) | 2020 | Jom Book-a-Bookoo! |
| Aeonsparx Interactive Sdn Bhd | Digital Content Grant (DCG) | 2019 | Zombie Soup |
| All For One Productions Sdn. Bhd. | Digital Content Grant (DCG) | 2020 | Legend Of Ancient Borneo |
| AmmoboxStudios Sdn Bhd | Digital Content Grant (DCG) | 2018 | Eximius: Seize the Frontline |
| AmmoboxStudios Sdn Bhd | Digital Content Grant (DCG) | 2019 | Eximius: Seize the Frontline |
| Anak Rimba Sdn Bhd | Digital Content Grant (DCG) | 2019 | The Rimba Project |
| Animatic Studios Sdn Bhd | Digital Content Grant (DCG) | 2020 | Cubic Cats |
| Animonsta Studios Sdn Bhd | Digital Content Grant (DCG) | 2019 | Mechamato |
| BeetleRoar Sdn Bhd | Digital Content Grant (DCG) | 2019 | Hamstronauts |